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#marxisteconomics — Public Fediverse posts

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    Marx’s law of profitability –more evidence

    thenextrecession.wordpress.com
    Tomas Rotta (Goldsmith Univ of London) & Rishabh Kumar (Univ of Massachusetts) ..important contribution to empirical evidence supporting Marx’s law of the tendency of the rate of profit to fall. In their paper, Was Marx right? Development and exploitation in 43 countries, 2000–2014, finds Marx’s law is right: capital intensity rises faster than rate of exploitation and so global profit rate declines
    #MarxistEconomics